New President and Vice President of ICSI for 2012

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Wednesday, 25 January 2012
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Wednesday, January 25, 2012

January 19, 2012

P R E S S R E L E A S E

CS Nesar Ahmad President - ICSI

CS S N AnanthasubramanianVice- President - ICSI

New President and Vice President of ICSI for 2012

Mr. Nesar Ahmad has been elected as PRESIDENT of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2012. Mr. S. N. Ananthasubramanian has been elected as the VICE PRESIDENT of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2012.

Mr. Nesar Ahmad has been elected as the PRESIDENT of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January, 2012. Mr. Ahmad was the Vice-President of the Institute for the year 2011. A Graduate in Commerce and a Fellow Member of the Institute of Company Secretaries of India, Mr. Ahmad is a Practising Company Secretary at New Delhi.

Mr. Ahmad practises as a Company Secretary in the areas of Corporate and Securities Laws since 1993 with specialization in Company Secretarial and Representation services, Corporate Laws, Business Restructuring, Merger & Amalgamation, Oppression and Mismanagement, Merchant Banking and other Legal Matters. Earlier, he worked with Thapar Group of Companies in Delhi during 1989-92.

He has been member of the Central Council of the ICSI for the term 2004-2006 and 2007-10. Previously. He has been elected to the Central Council of the ICSI for the term 2011 – 2014 and Presently he is the Chairman of all the Standing Committees of the Council of the Institute.

He held various positions in ICSI (Northern Region) as Editor, Treasurer, Secretary, Vice-Chairman and was Chairman in 1998 (August-December) and also in the year 2000. He has been associated with Social Organizations (NGOs) and Welfare Society in Delhi including SMILE FOUNDATION. He has been member of the Expert Committee on Company Law and Competition Policy constituted by ASSOCHAM (since 2002 till 2008).

As a Central Council member, he has been Chairman as well as member of various committees and Secretarial Standard Board (SSB) of ICSI and has also appeared before Parliament Standing Committee (Law & Justice) on the National Tax Tribunal Bill, 2003 and Parliament Standing Committee (Finance) on Limited Liability Partnership (LLP). In 2009, the Ministry of Corporate Affairs appointed Mr. Ahmad as one of the members to administer the Investor Education & Protection Fund (IEPF) for two years term. Also, the Bombay Stock Exchange has appointed Mr. Ahmad as a Member of ‘Panel of Arbitrators’ of Delhi Region Arbitration Centre.

He has been a regular faculty in the seminars/workshops/training organized by ICSI, Ministry of Corporate Affairs, UGC, NGOs and various other Institutions and bodies.

Mr. S. N. Ananthasubramanian has been elected as the VICE PRESIDENT of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2012. He is a Practising Company Secretary at Thane..

Mr. Ananthasubramanian is associated with most of the listed Public Sector Banks (PSBs) across the country and advises and gives opinions on various issues including, Banking Legislation, Board Constitution and Governance,Election of Shareholder Directors,Listing of Debt Securities,Return of Capital to Central Government, Mergers of Subsidiaries with Banks, Listing Compliances with the Stock Exchanges, Code of Conduct for Insider Trading, Code of Conduct for Directors & Senior Management in terms of Clause 49 of the Listing Agreement.

Mr. Ananthasubramanian is also associated with some of the leading listed corporates and other private and public companies of repute in matters of Consulting, Certification, Secretarial Audits, Securities Audits, Postal Ballots, Governance Issues, Due Diligence, etc. His firm has also been associated with Life Insurance Corporation of India and many Insurance joint-ventures in the country. His firm was also associated with the setting up of the First Pension Fund Company in the country.

He has many contributions to his credit, the most noteworthy being the introduction of Diligence Report by Reserve Bank of India in 2008 to be obtained from professionals preferably, Practising Company Secretaries, the said Report confirming adherence to statutory prescriptions in vogue by borrowing Companies in respect of multiple-banking arrangements by all commercial banks (Indian and Foreign) including urban co-operative banks and select all India Financial Institutions like Exim Bank of India, NABARD,SIDBI and National Housing Bank.

He was a member of the Council of ICSI from 2007 to 2010 and was re-elected for a four year term from 2011 to 2014 and is a member of various Committees of the Council.

He was also a member of the Core Group constituted by the Council in 2008 for formulating the Vision 2020 Document and contributed significantly in the evolution and development of Vision and Mission Statements of ICSI adopted by the Council in 2011.

Mr. Ananthasubramanian was the Chairman of ICSI-Centre For Corporate Governance Research & Training at Navi Mumbai from 2007 to 2009 and successfully spearheaded the turnaround of the Centre and its activities in a significant way. He continued to be a member of the Management Committee in 2010 and 2011.

As a member of Syllabus Review Committee in 2007 he contributed towards the development of the syllabus on 'Business Ethics, Corporate Governance and Sustainability' in the Professional Program. He has been re-nominated as a member of the Syllabus Review Committee constituted in 2011.

He was the Chairman of the Task Force on Training which introduced the New Training Structure from 2009 which provides for Student Induction Programme (SIP), Executive Development Programme (EDP), and Management Skills Orientation Programme (MSOP). He has been re-nominated as the Chairman of the Core Group in 2011 for reviewing the existing Training Structure and recommend changes required.

He was also the Chairman of the Core Group of the Capital Markets Committee, constituted in 2011, for formulation of Compliance Certificate for companies seeking listing on the SME platform of BSE and NSE.

Mr. Ananthasubramanian was the Chairman of the ICSI-WIRC Building Committee in 2009, which successfully made the acquisition of additional office space in Nariman Point, Mumbai.

Mr. Ananthasubramanian also piloted the Guidelines for Advertisement by Company Secretary in Practice in 2007. He has also been instrumental in the introduction of Networth Certificate by Practising Company Secretaries in respect of broking firms by BSE and NSE; formulation of Guidelines for Good Council Practices adopted by the Council in 2010; formulation of IPO/FPO Certification; tie-ups with Indian Institute of Management(IIM) Indore, Indian Institute of Banking and Finance(IIBF) and Insurance Institute of India(III), Mumbai and other similar initiatives.

A strong votary of good governance practices, Mr. Ananthasubramanian anchored the Special Debate on Corporate Governance during the National Award for Excellence in Corporate Governance held in Mumbai in 2009. He has also attended the Training of Trainers programme organised by the Global Corporate Governance Forum.

Mr. Ananthasubramanian is a regular speaker in Seminars, Workshops, Conferences and his views and articles have appeared in leading newspapers in India.